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Economy of Bangladesh vs Liberia compared: GDP & Debt

Updated on by Georank

Bangladesh has a GDP of $456B compared to $5.25B for Liberia, ranking 38/197 and 162/197 by economy size, respectively.

Bangladesh has $192B in government debt (42% of GDP), compared to $2.88B (54.9% of GDP) in Liberia.

Bangladesh vs Liberia GDP by year

Bangladesh
Liberia
1x
Year GDP, current $
Bangladesh Liberia
2025 $456,319,229,256 $5,245,938,900
2024 $450,119,432,069 $4,779,300,900
2023 $437,415,333,018 $4,390,000,000
2022 $460,131,689,083 $4,001,047,000
2021 $416,271,647,911 $3,513,049,500
2020 $373,979,442,362 $3,176,126,300
2019 $351,231,654,604 $3,319,596,500
2018 $321,362,752,442 $3,422,754,800
2017 $293,732,446,625 $3,390,703,400
2016 $265,224,515,675 $3,398,419,600
2015 $195,146,608,978 $3,227,075,700
2014 $172,886,611,654 $3,225,652,000
2013 $149,998,957,434 $3,177,198,100
2012 $133,310,747,603 $2,791,614,000
2011 $128,607,482,310 $2,398,000,000
2010 $115,275,540,051 $1,998,000,000
2009 $102,475,158,191 $1,768,000,000
2008 $91,636,997,371 $1,726,000,000
2007 $79,611,644,975 $1,373,000,000
2006 $71,795,736,172 $1,119,000,000
2005 $69,476,001,239 $949,000,000
2004 $65,108,544,250 $897,000,000
2003 $60,158,929,188 $748,000,000
2002 $54,724,081,491 $927,000,000
2001 $53,991,289,844 $906,000,000
2000 $53,369,787,319 $874,000,000
1999 $51,270,569,884 $441,800,000
1998 $49,984,559,471 $359,600,000
1997 $48,244,309,133 $295,900,000
1996 $46,438,484,108 $159,400,000
1995 $37,939,748,769 $134,800,000
1994 $33,768,660,883 $132,200,000
1993 $33,166,519,418 $160,400,000
1992 $31,708,874,594 $223,500,000
1991 $30,957,483,950 $348,000,000
1990 $31,598,340,778 $384,400,000
1989 $28,781,715,189 $786,300,000
1988 $26,579,005,558 $1,038,300,000
1987 $24,298,032,258 $972,800,000
1986 $21,774,033,333 $840,964,400
1985 $22,278,423,077 $851,296,100
1984 $18,920,840,000 $848,478,300
1983 $17,609,048,822 $823,374,900
1982 $18,525,399,202 $863,933,200
1981 $20,249,694,002 $846,514,500
1980 $18,138,049,096 $854,711,500
1979 $15,565,480,322 $814,067,900
1978 $13,281,767,143 $717,240,400
1977 $9,651,149,302 $673,010,600
1976 $10,117,113,333 $596,675,700
1975 $19,448,348,073 $577,549,300
1974 $12,512,460,520 $486,955,000
1973 $8,086,725,729 $386,968,300
1972 $6,288,245,867 $368,098,000
1971 $8,751,843,188 $341,543,100
1970 $8,992,722,167 $323,099,700
1969 $8,471,006,438 $306,961,800
1968 $7,483,685,771 $276,820,700
1967 $7,253,575,688 $261,024,300
1966 $6,439,687,854 $244,459,500
1965 $5,906,636,792 $229,260,800
1964 $5,386,054,833 $218,929,100
1963 $5,319,458,563 $200,229,600
1962 $5,081,413,542 $191,861,800
1961 $4,817,580,375 $183,920,900
1960 $4,274,894,083 $190,495,600

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/bangladesh/liberia | CC BY

GDP per capita in Bangladesh vs Liberia by year

Bangladesh
GDP per capita

GDP per capita, PPP
Liberia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bangladesh Liberia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,597 - $915 -
2024 $2,593 $9,647 $851 $1,871
2023 $2,551 $9,148 $799 $1,795
2022 $2,716 $8,451 $745 $1,692
2021 $2,483 $7,441 $668 $1,539
2020 $2,249 $6,641 $617 $1,660
2019 $2,130 $6,047 $658 $1,900
2018 $1,965 $5,490 $692 $1,800
2017 $1,811 $4,883 $699 $1,665
2016 $1,649 $4,579 $715 $1,490
2015 $1,224 $4,212 $693 $1,340
2014 $1,094 $3,973 $707 $1,419
2013 $958 $3,691 $711 $1,360
2012 $860 $3,434 $638 $1,157
2011 $837 $3,051 $568 $1,041
2010 $757 $2,834 $492 $980
2009 $679 $2,675 $448 $939
2008 $613 $2,555 $452 $915
2007 $538 $2,388 $374 $873
2006 $490 $2,195 $321 $815
2005 $480 $2,020 $287.5 $774
2004 $456 $1,862 $284.1 $745
2003 $427 $1,746 $239.8 $716
2002 $394 $1,659 $299.5 $1,013
2001 $395 $1,598 $300 $987
2000 $397 $1,512 $298.5 $965
1999 $388 $1,430 $156.6 $762
1998 $386 $1,373 $134.7 $652
1997 $379 $1,315 $122.6 $548
1996 $372 $1,261 $71.4 $282.2
1995 $309 $1,206 $62.1 $254.4
1994 $280.6 $1,145 $61.5 $262.6
1993 $280.8 $1,099 $74.4 $328
1992 $273.5 $1,045 $107.8 $497
1991 $272.1 $987 $177.9 $793
1990 $283.1 $941 $172.9 $787
1989 $263 - $312 -
1988 $247.9 - $424 -
1987 $231.5 - $409 -
1986 $212.1 - $364 -
1985 $222.2 - $380 -
1984 $193.4 - $390 -
1983 $184.7 - $391 -
1982 $199.6 - $422 -
1981 $224.2 - $426 -
1980 $206.1 - $443 -
1979 $181.1 - $435 -
1978 $158.3 - $394 -
1977 $117.9 - $381 -
1976 $126.7 - $347 -
1975 $249.8 - $346 -
1974 $165 - $299.4 -
1973 $109.7 - $244.4 -
1972 $87.8 - $238.6 -
1971 $124.5 - $227.1 -
1970 $130.2 - $220.3 -
1969 $125.9 - $214.7 -
1968 $114.4 - $198.6 -
1967 $114.2 - $192.2 -
1966 $104.4 - $184.6 -
1965 $98.6 - $177.6 -
1964 $92.6 - $173.9 -
1963 $94.1 - $163.1 -
1962 $92.6 - $160.3 -
1961 $90.4 - $157.5 -
1960 $82.5 - $167.2 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/bangladesh/liberia | CC BY

Bangladesh's GDP per capita is $2,597, ranking 151/197, compared to $915 in Liberia, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Bangladesh ranks 135th at $9,647, while Liberia ranks 188th at $1,871.

Economic indicators

Bangladesh Liberia
Gross domestic product
$456B
2025
$5.25B
2025
GDP rank
38/197
2025
162/197
2025
GDP growth
3.49%
2024-2025
5.02%
2024-2025
GDP per capita
$2,597
2025
$915
2025
GDP per capita rank
151/197
2025
184/197
2025
GDP per capita, PPP
$9,647
2024
$1,871
2024
GDP per capita PPP rank
135/197
2024
188/197
2024
Government debt
$192B
2025
$2.88B
2025
Debt-to-GDP ratio
42%
2025
54.9%
2025
Government debt per person
$1,092
2025
$502
2025
Government debt per person rank
143/185
2025
167/185
2025
Average annual personal income after taxes
$2,829
2026
$1,467
2026
Market capitalization of domestic companies
$26.2B
2025
n/a
Income share by richest 10%
25.5%
2022
27.1%
2016
Income share by poorest 10%
3.7%
2022
2.9%
2016
Government expenditure, % of GDP
10.9%
2025
22.4%
2025
Consumer prices inflation
10%
2024-2025
8.3%
2024-2025
Central bank interest rate
10%
2024
n/a
Unemployment rate
3.64%
2024
5.93%
2017
Population
178936470
5916561

Spending and national debt comparison by year

Bangladesh
Spending

Debt
Liberia
Spending

Debt
1x
Year % of GDP
Bangladesh Liberia
Government spending Government debt Government spending Government debt
2025 10.9% 42% 22.4% 54.9%
2024 12% 41% 24.1% 56.4%
2023 12.6% 39.7% 28.6% 57.2%
2022 13% 37.9% 27.4% 54.4%
2021 12.9% 35.6% 29.8% 53.5%
2020 13.3% 34.5% 35.3% 58.5%
2019 13.6% 32% 32.3% 48.1%
2018 13% 29.6% 32.7% 36.2%
2017 12.2% 28.3% 35.1% 31.8%
2016 11.6% 27.7% 35.8% 28%
2015 11.5% 28.2% 37.1% 24.4%
2014 11.7% 28.7% 33.4% 24.3%
2013 12.1% 28.3% 27.4% 20.6%
2012 11.7% 29.1% 30.8% 20.5%
2011 11.5% 29.4% 29.8% 22.5%
2010 10.6% 29.6% 25.1% 25.4%
2009 10.6% 33% 24% 132.2%
2008 11.5% 33.9% 21.8% 235.3%
2007 9.63% 35% 16.1% 367%
2006 10.1% 35.3% 10.6% 451%
2005 10.3% 35.6% 11.7% 488%
2004 9.88% 36.6% 12.1% 543%
2003 10.2% 37% 8.98% 600%
2002 10.4% 38.9% 12.7% 464%
2001 10.7% 37.1% 12.1% 465%
2000 9.76% 31.2% 14.5% 468%
1999 8.66% 32.7% - -
1998 9.82% 31.1% - -
1997 9.89% 29.1% - -
1996 9.79% 31% - -
1995 10.5% 32.9% - -
1994 10% 35.5% - -
1993 9.74% 34.1% - -
1992 8.8% 33.1% - -
1991 8.86% 31.8% - -
1990 9.14% 31.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-07-08).

GeoRank.org/economy/bangladesh/liberia | CC BY

In 2025, Bangladesh's government spending was $49.6B, accounting for 10.9% of its GDP, while Liberia spent $1.18B, or 22.4% of GDP.

Debt-to-GDP ratio is 42% in Bangladesh and 54.9% in Liberia, ranking 124/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Bangladesh

Liberia
1x
Year Deficit/surplus, % of GDP
Bangladesh Liberia
2025 -2.93% -1.41%
2024 -3.7% -1.8%
2023 -4.39% -8.55%
2022 -4.53% -5.82%
2021 -3.56% -2.5%
2020 -4.84% -4.02%
2019 -5.41% -4.92%
2018 -4.07% -4.7%
2017 -4.17% -7.14%
2016 -3.16% -3.83%
2015 -3.29% -3.74%
2014 -2.62% -4.92%
2013 -2.86% 1.29%
2012 -2.56% -2.86%
2011 -2.96% -4.39%
2010 -2.23% 1.16%
2009 -2.68% -1.4%
2008 -3.36% -2.7%
2007 -1.86% 2.28%
2006 -2.15% 4.23%
2005 -2.4% -0.51%
2004 -2.21% -0.56%
2003 -1.96% 0.36%
2002 -2.3% -1.57%
2001 -3.44% -0.94%
2000 -2.5% -0.08%
1999 -1.35% -
1998 -2.2% -
1997 -1.94% -
1996 -2.01% -
1995 -0.38% -
1994 0.03% -
1993 0.43% -
1992 0.36% -
1991 0.44% -
1990 -0.15% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/bangladesh/liberia | CC BY

In 2025, Bangladesh's government deficit, the difference between spending and revenue, was $13.4B, equivalent to 2.93% of GDP. This compares to Liberia's deficit of $74.2M, or 1.41% of GDP.

Over the past 26 years, Bangladesh recorded a fiscal deficit in 26 of those years, while Liberia ran a deficit in 21 years. On average, Bangladesh posted an annual deficit equal to 3.16% of GDP, compared to deficit of 2.27% of GDP for Liberia.

Inflation comparison by year

Inflation
Bangladesh

Liberia
1x
Year Consumer prices inflation
Bangladesh Liberia
2025 10% 8.3%
2024 9.7% 8.2%
2023 9% 10.1%
2022 6.1% 7.6%
2021 5.6% 7.8%
2020 5.6% 17%
2019 5.5% 27%
2018 5.8% 23.5%
2017 5.4% 12.4%
2016 5.9% 8.8%
2015 6.4% 7.7%
2014 7.3% 9.9%
2013 6.8% 7.6%
2012 8.9% 6.8%
2011 8.8% 8.5%
2010 7.3% 7.3%
2009 6.7% 7.4%
2008 9.9% 17.5%
2007 7.2% 11.4%
2006 7.2% 9.5%
2005 6.5% 6.9%
2004 8.1% 3.6%
2003 3.9% 10.3%
2002 2.4% 14.2%
2001 1.8% 12.1%
2000 3.6% 5.3%
1999 8.9% 2%
1998 6.7% -
1997 2.7% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/bangladesh/liberia | CC BY

Over the past 27 years, Bangladesh has recorded an average annual inflation rate of 6.68%, compared with 10.3% in Liberia. In 2025, inflation was 10% in Bangladesh and 8.3% in Liberia.

Top exports between countries

Bangladesh
Export category Export value
Processed food, beverages & tobacco $1.22M
Machinery & equipment $90K
Raw materials & minerals $33K
Textiles & consumer goods $21K
Raw agricultural goods $8K
Miscellaneous $2K
Liberia
Export category Export value
Wood & paper products $658K
Processed food, beverages & tobacco $46K
Textiles & consumer goods $33K

Balance of trade

Bangladesh Liberia
Current account balance
-$239M
2025
$120M
2024
Current account balance ranking
93/190
2025
62/190
2024
Current account balance, % of GDP
-0.05%
2025
+2.51%
2024
Goods imports
$66B
2025
$1.51B
2024
Goods exports
$43.8B
2025
$1.31B
2024
Service imports
$14.7B
2025
$253M
2024
Service exports
$8.42B
2025
$42.6M
2024
Imports of goods and services, % of GDP
16.8%
2025
n/a
Exports of goods and services, % of GDP
11.1%
2025
28.5%
2026

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Bangladesh Liberia
Economic freedom 54.8 49.8
Economic freedom ranking 131/197 163/197
Property rights 32.1 40.4
Government integrity 22.7 25.8
Judicial effectiveness 36.7 23.4
Tax burden 79.9 86.1
Government spending 95.3 79.5
Fiscal health 68.4 56.9
Business freedom 52.7 38
Labor freedom 50.5 43.4
Monetary freedom 65.8 71.4
Trade freedom 63 57.4
Investment freedom 50 55
Financial freedom 40 20

Economic freedom comparison by year

Bangladesh
Liberia
1x
Year Economic freedom index
Bangladesh Liberia
2026 54.8 49.8
2025 54.7 48.5
2024 54.4 49.9
2023 54.4 49.6
2022 52.7 47.9
2021 56.5 49.2
2020 56.4 49
2019 55.6 49.7
2018 55.1 50.9
2017 55 49.1
2016 53.3 52.2
2015 53.9 52.7
2014 54.1 52.4
2013 52.6 49.3
2012 53.2 48.6
2011 53 46.5
2010 51.1 46.2
2009 47.5 48.1
2008 44.2 -
2007 46.7 -
2006 52.9 -
2005 47.5 -
2004 50 -
2003 49.3 -
2002 51.9 -
2001 51.2 -
2000 48.9 -
1999 50 -
1998 52 -
1997 49.9 -
1996 51.1 -
1995 40.9 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/bangladesh/liberia | CC BY

The Economic Freedom Index for Bangladesh is 54.8, ranking 131/197, compared to 49.8 for Liberia, ranking 163/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bangladesh Liberia
Services, % of GDP
52.1%
2025
40%
2025
Industry, % of GDP
34%
2025
24.5%
2025
Agriculture, forestry, and fishing, % of GDP
11.4%
2025
32.7%
2025
GNI, Atlas method
$499B
2025
$4.76B
2025
GNI per capita, PPP
$10,710
2025
$1,840
2025
Total reserves including gold
$28.6B
2025
$339M
2025
Total reserves ranking
58/177
2025
166/177
2025
Net foreign direct investment
-$1.84B
2025
-$397M
2024
Net inflows of foreign direct investment
$1.28B
2024
$472M
2024
Net outflows of foreign direct investment
$34.1M
2024
$74.9M
2024
Servicing debt to the IMF, % of GNI
1.83%
2024
3.12%
2024
Poverty at national poverty lines
18.7%
2022
50.9%
2016
Gross capital formation, % of GDP
28.5%
2025
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/bangladesh/liberia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–2002, retrieved 2026-07-08)
  6. TradeMap (2018–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.